Globalization and economic inequality in the short and long run: The case of South Korea 1975-1995
AbstractWe analyse the determinants of the Gini coefficient for income and expenditure in South Korea between 1975 and 1995. In both cases, we do not find support for the Kuznets inverted-U hypothesis. From an economic globalization viewpoint, the opening of goods markets reduces income inequality in both the short run (the Gini coefficient for income) and the long run (the Gini coefficient for expenditure). On the other hand, the opening of capital markets increases income inequality in both the short and the long run, although the latter is not statistically significant. These results suggest that the effect of economic globalization on income inequality has two routes and two different speeds.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Elsevier in its journal Journal of Asian Economics.
Volume (Year): 20 (2009)
Issue (Month): 1 (January)
Contact details of provider:
Web page: http://www.elsevier.com/locate/asieco
Globalization Economic inequality Gini coefficient South Korea;
Other versions of this item:
- Sumie & Mototsugu Fukushige, 2007. "Globalization and Economic Inequality in the Short and Long Run: The Case of South Korea 1975-1995," Discussion Papers in Economics and Business 07-43, Osaka University, Graduate School of Economics and Osaka School of International Public Policy (OSIPP).
- R2 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis
- D30 - Microeconomics - - Distribution - - - General
- F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Beyer, Harald & Rojas, Patricio & Vergara, Rodrigo, 1999. "Trade liberalization and wage inequality," Journal of Development Economics, Elsevier, vol. 59(1), pages 103-123, June.
- Fukushige, Mototsugu, 1996. "Annual redistribution and lifetime redistribution," Economics Letters, Elsevier, vol. 52(3), pages 269-273, September.
- Williamson, Jeffrey G, 1997.
"Globalization and Inequality, Past and Present,"
World Bank Research Observer,
World Bank Group, vol. 12(2), pages 117-35, August.
- Almas Heshmati, 2006. "Conditional and unconditional inequality and growth relationships," Applied Economics Letters, Taylor & Francis Journals, vol. 13(14), pages 925-931.
- Fields, Gary S & Yoo, Gyeongjoon, 2000. "Falling Labor Income Inequality in Korea's Economic Growth: Patterns and Underlying Causes," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 46(2), pages 139-59, June.
- Shujie Yao, 2006. "On economic growth, FDI and exports in China," Applied Economics, Taylor & Francis Journals, vol. 38(3), pages 339-351.
- David Dollar, 2005.
"Globalization, Poverty, and Inequality since 1980,"
World Bank Research Observer,
World Bank Group, vol. 20(2), pages 145-175.
- Kang Park, 1998. "Distribution and growth: cross-country evidence," Applied Economics, Taylor & Francis Journals, vol. 30(7), pages 943-949.
- Blejer, Mario I & Guerrero, Isabel, 1990. "The Impact of Macroeconomic Policies on Income Distribution: An Empirical Study of the Philippines," The Review of Economics and Statistics, MIT Press, vol. 72(3), pages 414-23, August.
- Robert C. Feenstra & Gordon H. Hanson, 1995.
"Foreign Direct Investment and Relative Wages: Evidence from Mexico's Maquiladoras,"
NBER Working Papers
5122, National Bureau of Economic Research, Inc.
- Feenstra, Robert C. & Hanson, Gordon H., 1997. "Foreign direct investment and relative wages: Evidence from Mexico's maquiladoras," Journal of International Economics, Elsevier, vol. 42(3-4), pages 371-393, May.
- Deininger, Klaus & Squire, Lyn, 1998. "New ways of looking at old issues: inequality and growth," Journal of Development Economics, Elsevier, vol. 57(2), pages 259-287.
- Robert J. Barro, 1989.
"Economic Growth in a Cross Section of Countries,"
NBER Working Papers
3120, National Bureau of Economic Research, Inc.
- VANHOUDT, Patrick, 1997.
"An assessment of the macroeconomic determinants of inequality,"
SESO Working Papers
1997007, University of Antwerp, Faculty of Applied Economics.
- Patrick Vanhoudt, 2000. "An assessment of the macroeconomic determinants of inequality," Applied Economics, Taylor & Francis Journals, vol. 32(7), pages 877-883.
- Vanhoudt, Patrick, 1998. "An Assessment of the Macroeconomic Determinants of Inequality," Working Paper Series in Economics and Finance 271, Stockholm School of Economics.
- Deaton, Angus & Paxson, Christina, 1994.
"Intertemporal Choice and Inequality,"
Journal of Political Economy,
University of Chicago Press, vol. 102(3), pages 437-67, June.
- Fukushige, Mototsugu, 1989. "A new approach to the economic inequality based upon the permanent income hypothesis," Economics Letters, Elsevier, vol. 29(2), pages 183-187.
- A. Gelan & G. N. Price, 2003. "African economies and the Kuznets curve: an exploratory investigation," Applied Economics Letters, Taylor & Francis Journals, vol. 10(12), pages 747-751.
- Jong-Eun Lee, 2006. "Does globalization matter to income distribution in Asia?," Applied Economics Letters, Taylor & Francis Journals, vol. 13(13), pages 851-855.
- Changkyu Choi, 2006. "Does foreign direct investment affect domestic income inequality?," Applied Economics Letters, Taylor & Francis Journals, vol. 13(12), pages 811-814.
- Papanek, Gustav F. & Kyn, Oldrich, 1986. "The effect on income distribution of development, the growth rate and economic strategy," Journal of Development Economics, Elsevier, vol. 23(1), pages 55-65, September.
- Nissanke, Machiko & Thorbecke, Erik, 2006. "Channels and policy debate in the globalization-inequality-poverty nexus," World Development, Elsevier, vol. 34(8), pages 1338-1360, August.
- Parisa SAMIMI & Guan Choo LIM & Abdul Aziz BUANG, 2011. "Globalization Measurement: Notes on Common Globalization Indexes," Journal of Knowledge Management, Economics and Information Technology, ScientificPapers.org, vol. 1(7), pages 20, December.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.